What Happened To 5 Biggest Yahoo Acquisitions
#4 GeoCities
Cost: $3.57 billion
Acquisition date: 28 May, 1999
What Happened: In 2009, GeoCities was the third most visited website in the world. It allowed people to host a website for free, under the name of neighborhoods like “Hollywood” and “Silicon Valley.” The extremely popular service was brought by Yahoo in the peak of dot-com bubble.
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Fate: Yahoo’s acquisition was extremely unpopular among users. Company changed the neighborhoods and street address URLs for members to "vanity" URLs through members' sign-up names to Yahoo. The new ‘terms and conditions’ of the search company provoked large number of users to leave the service. Finally On April 23, 2009, Yahoo announced that it will be closing the U.S. branch of GeoCities. However the service continued its operations in Japan.
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